Chicago | Reuters — U.S. wheat futures rose for a fifth straight session on Thursday, hitting a 1-1/2-week high on short-covering and worries over potential yield losses due to poor weather in parts of the U.S. crop belt, analysts said. Corn and soybeans closed lower, with both commodities retreating from early gains on disappointing weekly […] Read more
U.S. grains: Wheat extends rally on short-covering, dryness
U.S. grains: Wheat rises to one-week high on dry U.S. Plains
Chicago | Reuters — U.S. wheat futures rose 1.2 per cent to a one-week high on Wednesday, extending four-day gains to nearly four per cent on short-covering and concerns about dry weather in U.S. growing regions. Corn and soybeans also firmed, although renewed strength in the dollar capped rallies. At the Chicago Board of Trade, […] Read more
U.S. grains: Soybeans sag after monthly USDA report
Chicago | Reuters –– Chicago Board of Trade soybean futures fell on Tuesday after the U.S. Department of Agriculture surprised analysts by leaving its forecast of domestic soy inventories unchanged in a monthly report. A strong dollar hung over the commodities sector, pressuring grains as well as crude oil and copper. But wheat closed higher, […] Read more
U.S. grains: Wheat up 1.6 per cent in bounce from contract lows
Chicago | Reuters –– U.S. wheat futures rose 1.6 per cent on Monday, bouncing off the previous session’s contract lows on bargain-hunting and short-covering ahead of a monthly U.S. government crop report. Soybeans and corn also climbed in largely technical buying ahead of the U.S. Department of Agriculture’s supply/demand report due on Tuesday. At the […] Read more
U.S. grains: Corn falls on stronger dollar, ample supplies
Reuters — Corn fell one per cent on Friday and soybeans weakened slightly due to ample supplies and a stronger dollar, which made U.S. exports pricier. U.S. wheat hit a contract low before prices rose modestly due to bargain-buying, traders said. The nearby contract posted a weekly loss of six per cent. Spread trades involved […] Read more
U.S. grains: Wheat falls to five-month low on dollar, big supplies
Reuters — Chicago wheat futures fell to their lowest nearby price in five months on Thursday, pressured by the stronger dollar and huge global supplies. Soybeans fell for the fourth straight session on bleak export prospects in the face of stiff competition, traders said. Corn finished slightly higher. Chicago Board of Trade May wheat dropped […] Read more
Fund selling keeps U.S. wheat futures pointed down
CNS Canada –– Chicago wheat futures dropped to fresh contract lows Thursday and have more room to the downside from a chart perspective as speculators continue to add to their short positions, according to a broker. “It’s a momentum trade here with the funds,” said Adam Knosalla, a broker with Frontier Futures in Minneapolis. “They’re […] Read more
U.S. grains: Soybeans drop for third day
Chicago | Reuters — U.S. soybean futures fell for a third straight session on Wednesday as the end of a truckers’ strike in Brazil and easing concerns about a farmers’ protest in Argentina reduced fears of major South American export disruptions. Wheat fell under the combined pressure of a stronger dollar, which makes U.S. grain […] Read more
U.S. grains: Soybeans fall to one-week low on Brazil strike pause, harvest
Chicago | Reuters — U.S. soybeans fell to a one-week low on Tuesday in a technical selloff sparked by a weakening truckers strike in Brazil and the advancing harvest of what’s expected to be Brazil’s biggest soy crop ever. Soybean futures trimmed their losses late in the session while corn and wheat each reversed earlier […] Read more
U.S. grains: Wheat, soy post big losses on weakening export demand
Chicago | Reuters — U.S. wheat futures dropped 2.5 per cent on Monday on poor export demand and lessened concerns about damage to the dormant U.S. crop, traders said. Poor export demand also weighed on soybeans. Traders added that easing worries about a truckers’ strike in Brazil slowing shipments of newly harvested supplies from that […] Read more
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